Published reports

CASTLE WATER (SOUTHERN) LIMITED

Company number: 09933767

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 October 2020 to 31 March 2021

Report filed on:

26 April 2021

Approved by:

John Reynolds

---

Payment statistics

Average time taken to pay invoices: 16 days

Invoices paid:

• within 30 days: 93%
• in 31 to 60 days: 7%

Late and disputed:

• payments due in the reporting period which have not been paid within the agreed period: 7%

Payment terms

Shortest standard payment periods

15 days

Longest standard payment period

45 days

Standard payment terms

Wholesalers: In accordance with the market terms (Wholesale Retail Code) Other Suppliers: 30 days from receipt of invoice

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

45 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Queries regarding overdue invoices should be sent to Accounts Payable (AccountsPayable@castlewater.co.uk) who will investigate and provide an update on payment status. If the supplier is dissatisfied with the response they should contact the person who placed the order and the parties will act in good faith to reach a solution.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

No

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No